Human Vaccines Market 2024 Growth Analysis By Manufacturers, Regions, Type And Application, Forecast Analysis

The global human vaccines market is predominantly consolidated, states Transparency Market Research (TMR) in a new research study. The top players in this market are Pfizer Inc., Sanofi, GlaxoSmithKline plc, and Merck & Co. Inc. Collectively, these four players accounted for 70% of the overall market in 2015. Researchers at TMR expect this scenario to remain more or less the same over the next few years, though these participants will try to overshadow each other by using various strategies, such as product differentiation and tactical partnerships, notes the market study.

According to the research report, the global market for human vaccines presented an opportunity worth US$28.3 bn in 2015. Progressing at a sturdy CAGR of 11.20% during the period from 2016 to 2024, the market is expected to touch US$72.5 bn by the end of the forecast period. The demand for conjugate vaccines is relatively higher than other vaccine types at present. However, combination vaccines are expected to create more lucrative opportunities in the years to come, thanks to the rising preference for commercial brands.

Request a Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16127

Currently, hospitals have surfaced as the most prominent distribution channels for human vaccines. Although the scenario will remain almost similar over the next few years, drugstores are anticipated to demonstrate a promising growth rate, thanks to a significantly rising vaccination rate in standalone pharmacies in developed economies. Among the regional markets, North America is anticipated to continue dominating the global market over the forthcoming years, states the research report.

Rising Awareness about Benefits of Vaccines to Boost Demand

“The global market for human vaccines is observing tremendous growth, thanks to the increasing awareness about the advantages of vaccines over other modes of drug administrations,” says the author of this report. As vaccines demonstrate a significantly low risk of serious side-effects when compared to other methods of drug administration, their demand is relatively higher at present and is expected to continue increasing in the years to come.

Apart from this, the increasing number of awareness programs by various governments and private and not-for-profit organizations is also projected to support the growth of this market over the next few years, reports the research study.

Enquiry for Discount on this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=16127

Stringent Regulatory Requirements to Pose A Threat to Market’s Growth

The future of the worldwide market for human vaccines looks bright. However, the presence of stringent regulatory requirements is likely to create hurdles in the otherwise smooth growth of this market in the years to come. Besides, the high cost of these vaccines, together with their handling, storage, and transportation, is also expected to pose a challenge to this market over the forthcoming years, states the market report.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s